CGM Financial Lines & Cyber Pricing Actuary
Chubb · London
Job Description
Are you a nearly qualified Actuary or an Actuarial student progressing well with the exams, who has proven case pricing and portfolio management experience?
If you are passionate about growing your skills and career at one of the largest Property & Casualty insurers in the world, then we would love to hear from you!
CHUBB Global Markets (“CGM”) is one of four main divisions of CHUBB European Group (“CEG”) and manages one of the top performing syndicates at Lloyd’s of London. This is a highly visible actuarial pricing role focused on leading the case pricing process, as well as supporting the lead actuary with delivering key priorities and strategic projects for the CGM Financial Lines & Cyber underwriting teams.
This role is based in London where you will have direct interaction with the underwriting teams.
Key Responsibilities:
- Be the key Actuarial partner to CGM Financial Lines underwriters on the case pricing of individual risks, in particular relating to our Professional Indemnity portfolios.
- Responsible for the case pricing process for CGM Financial Lines & Cyber pricing team, including maintaining records of risks priced, delegating and reviewing individually priced accounts, updating documentation and promoting best practice.
- Responsible for the development and calibration of experience rating tools, in support of case pricing of risks/binders. Collaborate with key stakeholders (Chubb Overseas General / underwriters) to ensure tool kits are fit for purpose.
- Assist the CGM Financial Lines & Cyber Actuary with other key priorities, including (but not limited to) assessing portfolio performance and formulating strategies to improve underwriting performance through portfolio reviews, planning, budgeting and forecasting; parameterisation of underwriting risk (Non-Cat Premium Risk);
- Lead the effort to provide regular reporting both internally and externally, including renewal rate change monitoring, new business adequacy and Lloyd’s reports, amongst others.
- Proactively engage with the wider Actuarial community as necessary in knowledge sharing / common actuarial projects.